Carnival Posts Higher 2Q Results

[Flip2cruise]

http://www.theledger.com/apps/pbcs.dll/article?AID=/20050616/APF/506160781

 

Carnival Corp., the world's largest cruise operator, said Thursday second-quarter earnings grew 23 percent from a year ago on higher cruise capacity and travel demand.

 

Net income rose to $409 million, or 49 cents per share in the fiscal quarter ended May 31, from $332 million, or 40 cents per share a year earlier. The average profit forecast of analysts surveyed by Thomson Financial was 45 cents a share.

 

Revenue climbed to $2.52 billion from $2.26 billion a year ago. The company said most of the increase was because of higher ticket prices, which compensated for fuel prices that were 35 percent higher. Net revenue increased 8.4 percent on higher prices and a 5.3 percent increase in occupancy, and the weak U.S. dollar relative to the euro and British pound sterling.

[kari333]

Maybe they could pass some of that profit on to their employees so that passengers can leave a "tip" not a paycheck.

[ElCruiso]

Unfortunatly that will never happen, we the cruisers are their paychecks without us it's like slave labor. :(

[Flip2cruise]

Maybe they could pass some of that profit on to their employees so that passengers can leave a "tip" not a paycheck.

 

If they did then, fares would rise to cover their pay.

 

All the carnival employees go into it with their eyes wide open. Those that dont like it, leave after their first contract. The vast majority stay on for multiple contracts and are able to return to their country and live a comfortable life.

[ElCruiso]

It's unbelievable how much they make per ship per Cruise, just count the drinks they sell with their tax free liquor:eek:

[MyImagination]

http://www.theledger.com/apps/pbcs.dll/article?AID=/20050616/APF/506160781

 

Carnival Corp., the world's largest cruise operator, said Thursday second-quarter earnings grew 23 percent from a year ago on higher cruise capacity and travel demand.

 

Net income rose to $409 million, or 49 cents per share in the fiscal quarter ended May 31, from $332 million, or 40 cents per share a year earlier. The average profit forecast of analysts surveyed by Thomson Financial was 45 cents a share.

 

Revenue climbed to $2.52 billion from $2.26 billion a year ago. The company said most of the increase was because of higher ticket prices, which compensated for fuel prices that were 35 percent higher. Net revenue increased 8.4 percent on higher prices and a 5.3 percent increase in occupancy, and the weak U.S. dollar relative to the euro and British pound sterling.

 

Aww its great to be a stockholder:D

[loudbmw]

Carnival has been a great stock to own. It's up over 30% from when I bought it a little over a year ago, pays a modest dividend and has given me three $100 on-board credits between Holland America and Carnival.

 

Funny - My Royal Caribbean stock is up too!

 

As far a cruise prices go - yup there up but keep shopping. There are slow weeks where prices are as low as previous years.

 

Lou